Riyadh – Mubasher: Abdullah AlOthaim Markets Company announced that the company’s shareholders had approved distributing a cash dividend of SAR 3 a share for 2018 during an ordinary general meeting (OGM) held on Thursday.

Dividends will be distributed on 9 May for registered shareholders at the end of the second trading day following the OGM date, according to a statement to the Saudi Stock Exchange (Tadawul) on Sunday.

For the full-year 2018, the Saudi food retailer’s net profits fell 32.7% year-on-year to SAR 302.6 million, compared to SAR 449.5 million in 2017.

In April 2018, the Saudi firm’s shareholders approved distributing a cash dividend of SAR 3 per share for 2017.